Wells Fargo & Company Issues Pessimistic Forecast for J. M. Smucker (NYSE:SJM) Stock Price

J. M. Smucker (NYSE:SJM) had its target price lowered by investment analysts at Wells Fargo & Company from $135.00 to $125.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 33.51% from the stock’s previous close.

A number of other brokerages have also issued reports on SJM. JPMorgan Chase & Co. upped their target price on shares of J. M. Smucker from $121.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings restated a “sell (d)” rating on shares of J. M. Smucker in a research note on Wednesday, January 21st. Bank of America upgraded shares of J. M. Smucker from a “neutral” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Monday, February 23rd. Canaccord Genuity Group upgraded shares of J. M. Smucker to a “buy” rating in a research note on Friday, January 16th. Finally, TD Cowen cut their target price on shares of J. M. Smucker from $124.00 to $113.00 and set a “hold” rating on the stock in a research note on Thursday, March 19th. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, J. M. Smucker has an average rating of “Hold” and an average target price of $118.93.

J. M. Smucker Stock Down 0.6%

Shares of J. M. Smucker stock traded down $0.52 during trading on Wednesday, reaching $93.63. The company had a trading volume of 816,573 shares, compared to its average volume of 2,034,417. The company has a market cap of $9.99 billion, a price-to-earnings ratio of -7.95, a price-to-earnings-growth ratio of 4.15 and a beta of 0.27. The firm’s fifty day moving average is $105.22 and its 200-day moving average is $103.88. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.35 and a current ratio of 0.84. J. M. Smucker has a fifty-two week low of $93.30 and a fifty-two week high of $119.39.

J. M. Smucker (NYSE:SJM) last issued its earnings results on Thursday, February 26th. The company reported $2.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.11. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.32 billion. J. M. Smucker had a negative net margin of 14.07% and a positive return on equity of 15.94%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.61 EPS. On average, analysts anticipate that J. M. Smucker will post 9.88 EPS for the current year.

Institutional Investors Weigh In On J. M. Smucker

Institutional investors and hedge funds have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC acquired a new stake in J. M. Smucker during the fourth quarter worth about $25,000. Root Financial Partners LLC acquired a new stake in shares of J. M. Smucker in the third quarter valued at approximately $29,000. CYBER HORNET ETFs LLC acquired a new stake in shares of J. M. Smucker in the second quarter valued at approximately $27,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of J. M. Smucker in the fourth quarter valued at approximately $32,000. Finally, MCF Advisors LLC increased its stake in shares of J. M. Smucker by 68.1% in the fourth quarter. MCF Advisors LLC now owns 311 shares of the company’s stock valued at $30,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

About J. M. Smucker

The J. M. Smucker Company is a diversified food and beverage manufacturer and marketer known for a portfolio of well-established consumer brands. The company’s main business activities include the production and distribution of fruit spreads, peanut butter, coffee and coffee filters, as well as pet food and pet snacks. Smucker’s core product lines serve both retail and foodservice customers through grocery chains, mass merchandisers, club stores, convenience outlets and e-commerce channels.

Among its leading brands are Smucker’s® fruit spreads, Jif® peanut butter, Folgers® and Dunkin’® coffees, and Café Bustelo® coffee.